Credit Union of Southern California
Credit Union of Southern California is headquartered in Anaheim and is the 31st largest credit union in the state of California. It is also the 194th largest credit union in the nation. It was established in 1954 and as of June of 2019, it had grown to 295 employees and 118,878 members at 22 locations. Credit Union of Southern California has an A+ health rating.
Field of Membership Restrictions
Membership in Credit Union of Southern California is open to those who live, work, worship, or attend school in the California counties of Los Angeles,Orange, Riverside, or San Bernardino. Family members of current Credit Union of Southern California members are also eligible to join.
See current membership details
Related Posts
Taking my father's advice
I joined this credit union during my first year of college. I had just received my first job, and I had been banking with a major bank institution and wasn't too happy with it. I did not like the fact that my deposits were not immediately available. In addition, I didn't appreciate some of the fees they threw my way. That was when my father suggested I transfer my business to a credit union. He assured me that I would pay a lot less with the credit union, especially in regard to the fees. I took my father's advice in 1990 and I am still a happy customer to this date. When I wanted to purchase a brand new car, my father also suggested that I do it through my credit union. So it was really nice to be able to show up to a car dealership and say, "I already have a loan approved for this amount of money, can you show me cars that fit in the budget?" Of course, they wanted me to go with their financial people, so I showed them my paper with approved loan and interest rate and I asked, "Can any of your people beat this rate?" The salesman seemed very sheepish and said, "Well, no." I love my credit union and won't leave it.
At last
I finally had had it with the big bank interest. I had a active Credit union account but it was several miles away and they were limited in ATM access. I hot footed it down to the local credit union and applied. I was received as if I was an old friend returning home. They review account options and to my surprise (but not really) their charges were minimal. I signed up for a savings account. I will in the very near future establish a checking account with these good people and get out of the big banks loop. I would advise everyone to open an with a credit union---and maybe this might be a signal to big corp. banks we are tire of being ripped off.
Money In The Bank
Love this place, when I deposited some checks on my birthday, the lady gave me a lollipop.
Credit Union of Southern California is Great!
I've been with this bank for around four years, now. I have never paid any fees, as I have free checking and savings accounts, and haven't had any unexpected fees pop up. I did have to pay $10 in order to set up my account, but I believe I get that back, if I ever close them. When I go into my local branch, the people are always at least relatively nice and friendly, and the lines are never long. I've never had any incorrect transactions, unlike with other banks I've been with. My only complaint is that using their website isn't the best; it seems like they are down for maintenance twice a week, and the notices about when they are going to be down are up long after that time has passed. Other than that, I'm very happy with my bank, and hope to be with it as long as I need to.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68456 |
| Year Chartered | 1954 |
| Employees | 295 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.4% |
| Return on Equity - YTD | 11.66% |
| Annual Interest Income | $27.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.58B$1.45B |
| Loans | Q2 2019vs Q2 2018 | $996.3MM$847.2MM |
| Deposits | Q2 2019vs Q2 2018 | $1.32B$1.28B |
| Equity Capital | Q2 2019vs Q2 2018 | $185.3MM$150.8MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $6.9MM$5.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $3.3MM$4.3MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
5% 5 Month CD, $50,000 Maximum
"1. APY=Annual Percentage Yield. Share certificate promotion valid September 3—October 31, 2019. All new account will be verified through ChexSystems®. Promotional 5-month share certificate must be funded with a minimum $500 new funds (not currently on deposit at CU SoCal) and subsequent deposits are not permitted. Opening deposit cannot exceed $50,000. Dividends compounded and credited monthly. Monthly share certificate rate 4.89%. Quoted APY assumes dividends remain in account until maturity. A penalty may be imposed for early withdrawals. Limit one 5% APY share certificate per Member. Share certificate will automatically renew into a 6-month term fixed-rate share certificate upon maturity at the existing rate in effect. Offer subject to change."
https://www.cusocal.org/TakeFive
Rates for Credit Union of Southern California are currently being reviewed.
